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Omer is a 25-year-old single man who lives in Sana`a, Yemen. He is very hardworking. With great effort and dedication he managed to save money and create his business, which today is a store. He works around 12 hours daily. He said that without sacrifice, there is no reward, and if one wants to get ahead, you have to do what you can.

In order to move forward, he is able to attract his customers because he offers good service. Due to the bad situation in Yemen, his business is unable to increase profits as he did previously, so he applied for a youth loan of 200,000 YER from AMB to buy fabrics in order to offer a wider variety of products. With this loan, he will be able to have increased profits in order to achieve his goal.

Additional Information

More information about this loan

This loan is helping support a borrower who is 30 or under. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

About Al-Amal Microfinance Bank

Al-Amal reaches out to low-income micro-entrepreneurs and small business owners in Yemen with a suite of credit, savings, and insurance products tailored for Muslim borrowers. Before lending through Al-Amal, please consider the following:

1) Due to ongoing security concerns, full due-diligence of Al-Amal was conducted remotely rather than on-site. This makes Al-Amal atypical among Kiva's Field Partners, as Kiva staff have not conducted an on-site assessment. Al-Amal's assessment included in-person meetings with the top management in other, more secure locations in the Middle East.

2) Because Yemen is a new and unstable environment, there is a possibility that future loan repayments could be held indefinitely in the country for regulatory reasons, even if individual borrowers pay back their loans. As a lender to borrowers in Yemen, you accept this additional risk.

Additionally, all of Al-Amal's products are Sharia compliant and customized for its Muslim clients. Most of the loans are structured as Murabaha interest free loans. Al-Amal purchases goods for its borrowers and charges them a markup or fee. Al-Amal is also experimenting with Ijarah loans (an Islamic leasing product). For more information on Islamic microfinance, please click here.

About Yemen

  • $3,900
    Average annual income
  • 0
    View loans »
    Yemen Loans Fundraising
  • $3,225,150
    Funds lent in using Kiva
  • 214.3
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Omer to buy fabrics in order to offer a wider variety of products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 14, 2013
Feb 23, 2013
Currency Exchange Loss:
Apr 16, 2014